The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve’s latest views on the U.S. economy.  More »

Renewable fuel standards are distorting the market for ethanol and other biofuels, panelists said at a conference on refining.  More »

This is the title of a book written in 1976 by W. Allen Wallis, Chancellor of the University of Rochester. The first page of the book quoted President Franklin Delano Roosevelt. “(W)e have built up new instruments of public power in the hands of the people’s government. This power is wholesome and proper, but in [...]  More »

The Coast Guard will kick off hearings Monday on how a Shell rig used for Arctic Ocean exploratory drilling ended up aground off a remote Alaska island.  More »

Oil leaked from a trunk line connected to a tank on the property, then flowed outside of a berm into a containment pond, according to a National Response Center filing.  More »

For decades, academic scholars and regional political commentators have written about the “Arab order” which loosely referred to the trend line in the political economy of the Middle East. The musings about the new Arab order gained prominence with independence movements in the early twentieth century and remain in today’s discourse. The promise of past [...]  More »

Uganda, which has confirmed oil deposits of about 3.5 billion barrels, wants to extract at least 1.2 billion barrels over the next three decades. That figure could rise when more oil blocks are put up for exploration later this year, potentially making Uganda one of Africa’s top oil producers.  More »

At issue is money that transmission companies collect from customers in advance to cover federal taxes on company profits.  More »

The target bonus for Chief Executive Officer Steve Farris was reduced to 150 percent of base salary from 200 percent, the Houston-based company said in a regulatory filing Friday.  More »

Tesoro Corp. is on track to become California’s largest refiner, with the company saying Friday that the Federal Trade Commission cleared the way for its planned acquisition of BP’s refinery in Carson, Calif.  More »

Utilities still spend most of their money on reliability investments, but environmental projects, energy efficiency and even computer security are edging up on the list.  More »

Total SA plans to drill more than 60 wells this year as the third-biggest European oil company seeks to increase the size of its discoveries and expand output.  More »